SWALA Energy identifies ‘signs’ of oil in Tanzania

(Image source: cclark395)SWALA Energy has rolled out a seismic survey in the Kilombero Basin which has discovered hydrocarbon structures along the western basin boundary

The first line of the current seismic survey discovered in the Kilombero Basin, Line 101, expands along the strike of the main bounding fault, according to SWALA Energy.

“These early results of the Kilombero seismic survey are particularly exciting and the similarities with the LokicharBasin are extremely encouraging given the enormous success that has been achieved there to date,” said David Mestres Ridge, Swala's CEO.

“The seismic survey has so far identified five possible structures in addition to the Kito Prospect and we believe further dip lines will cement these into firm drilling candidates and that the extension of Line 101 further north will result in more structures being identified,” added Ridge.

Swala aims to complete the survey towards the end of the year with the result to be analysed so that one or more targets can be selected for a 2015 drilling programme, the company said.